Burgess Rawson and RWC Adelaide are delighted to offer to the market the BP (X Convenience) at 829-839 North East Road, Valley View (Adelaide) SA for sale via Investment Portfolio Auction 176.

This property has the following key investment highlights:

+ Long Fifteen (15) Year lease to BP to November 2034 plus Two (2) further Ten (10) Year options to 2054.
+ BP (British Petroleum) – A global energy leader dual-listed on the LSE (BP) and NYSE (BP), with a combined market cap of $132.42 billion. Recently acquired X Convenience in SA and WA, expanding its national footprint to over 1,400 convenience retail sites.**
+ X Convenience: fast growing independent fuel retailer with over 49 service stations across South Australia and Western Australia.***
+ Compounding, fixed 3% annual rent increases, providing certain rental growth.
+ Landlord-favourable net lease terms, with tenant responsible for usual outgoings including land tax and management fees.
+ IMPORTANT: BP owns and is responsible to monitor, maintain, service, repair & replace all fuel equipment.
+ Significant 4,401sqm* site with 72 metre* frontage and exposure to 48,000+ vehicles passing daily.****
+ Strategic metro Adelaide location with Westfield Tea Tree Shopping Centre (11.3M visitors), Bunnings Warehouse, plus the Modbury Hospital Health Precinct undergoing $130M* redevelopment all within 1.5km*
+ Surrounded by important social infrastructure with 18 schools within 3km* servicing 14,857 full time students.****
+ City of Tea Tree Gully: an expanding hub for retail, IT, housing and health services with a $4.25 billion GRP and a population forecast to increase by 10.34% to 112,600 residents by 2046*****
+ Stamp duty free investment.
+ Net Income: $463,709 pa* + GST.

For Sale via Investment Portfolio Auction 176
10:30AM AEST, Wednesday 14 May 2025
Garden Room, Crown Casino, Melbourne

Burgess Rawson & Associates Victoria Pty Ltd – RLA 327401

Immobiliare (SA) Pty Ltd T/A RWC Adelaide – RLA 332186

For further information, please contact the Burgess Rawson or Ray White Commercial selling agents.

*Approx
**BP
***X Convenience
****GapMaps
*****REMPLAN